The conclusions of the initiative were published in the 2014 report. The european commission and the taxation of the digital. This pdf is a selection from a published volume from the national bureau of economic research volume title. This study also presents the main policy strategies for addressing the development of the digital economy in both japan and the eu including the main identified challenges. Analysis of growth and investment patterns shows that the economic importance ofthese industries has increasedsharply since the mid1990s. Addressing the challenges of taxation of the digital economy. The vitality of the digital economy is grounded in itproducing industriesthe firms that supply the goods and services that support itenabled business processes,the internet and ecommerce. Addressing the tax challenges of the digital economy, action 1. The growth of the internet, starting in the 1990s, though, greatly expanded the elements and capabilities for a pervasive digital economy. Consistent with the original consensus reached in the 2015 beps action 1. Digital economy is far from being reached due to a mix of domestic challenges, bottlenecks and increased external competition. Taxation and todays digital economy san jose state university. Organizations outside of china have also started to monitor the digital economy. The digital economy as a new way of doing business the widespread adoption of information and communication technologies, together with the rapid increase in online.
Addressing the tax challenges of the digital economy, action 1 2015. Oecd digital economy outlook 2015 the digital economy now permeates countless aspects of the world economy, impacting sectors as varied as banking, retail, energy, transportation, education, publishing, media or health. The digital economy provides ample opportunities for g20 economies to accelerate inclusive economic growth. It issued an interim report in september 2014 and con tinued its work in 2015. January 2015 in numbers the uks digital technology industry 51% are within the 21 clusters2 50% formed since 20082 90% expect revenue to grow next year1 1. Pdf on jan 19, 2019, nawarathna banda published digital economy find, read and cite all the research you need on researchgate. Similarly, the digital economy, in its current state of development, may require new approaches to wellestablish tax concepts and rules. Cisco, 2015 30% today world trade represents about 30% of global gdp, up from 20% form the early days of the internet global gdp internet benefits. Overview of digital platforms there are different kinds of digital platforms.
Digital economics avi goldfarb and catherine tucker digital technology is the representation of information in bits. The digital economy has become an integral part of our country and the rapid growth of many digital. The digital economy the digital economy has existed for as long as we have had computer hardware and software. Oecdg20 base erosion and profit shifting addressing the. Report digital economy 2015 from tns infratest and the center for european economic research cer, mannheim comes in.
At the first meeting of the detf, members agreed that use of digital economy tools and technologies for the victimization of children is morally abhorrent and of urgent importance. But there are no agreed definitions or any universal consensus on how to classify them. This section covers indicators of the development of phys. The international monetary fund imf estimated that in 2015 the u. Acknowledge the importance of the digital economy and that ongoing economic success depends on their combined ability to harness technological advances to improve existing businesses, create new products and markets and. During their meeting in antalya in 2015, the g20 leaders recognized that we are living in an age of internet economy that brings both opportunities and challenges to global growth. G20 digital economy development and cooperation initiative final i. Digital economy strategy 2015 2018 03 our strategy this is a strategy to help uk businesses to innovate by using digital technology. Designing the digital economy bibliography of published.
Data and research on internet including broadband, telecom, security, privacy, icts, openness, internet economy, ecommerce, consumer policy and egovernment. If we limit our definition of the digital economy to ict industries, the con. Finally, with the goal of fostering the integration of digital economy into the g20 leaders. Some economics of private digital currency 257 joshua s.
Oecd 2015, addressing the tax challenges of the digital economy, action 1 2015. Towards a framework for measuring the digital economy. Pdf defining, conceptualising and measuring the digital. This technical note adopts the term nde to frame a set of technologies and processes that most prominently include. The digital economy has created new measurement challenges for macroeconomic statistics and may have exacerbated older ones. Promise and peril in the age of networked intelligence by don tapscott pdf, epub ebook d0wnl0ad arguing that knowledge is power and prolonged economic advantage accrues to those individuals and organizations who are able to leverage the capabilities of new information technologies, this study summarizes how new technology. Study on msmes participation in the digital economy in. Structure study on the infrastructure behind our data economy 3 table of contents 1 foreword 4 2 management summary 6 3 transformation and transition 8 a. Study on msmes participation in the digital economy in asean. In the age of the digital consumer, we can no longer refer to the consumer products industry it is now the consumer outcomes industry. Oecd digital economy outlook 2015 summary in english. This also encompasses the disbenefits that emerge from engagement with the digital economy.
Innovate uk will work with companies to understand how this. Industry agenda expanding participation and boosting. Defining, conceptualising and measuring the digital economy. The digital economy now permeates countless aspects of the world economy, impacting sectors as varied as banking, retail, energy, transportation, education, publishing, media or health. Building upon this work, the forums digital infrastructure. Microeconomics andor industrial organization courses overview and objectives this course aims at introducing the students with the main features of the digital economy, as well as a number of competition and regulatory issues which relate to it. A new digital basis 9 4 what is the digital economy. In 2015 the oecd issued a report on the challenges of taxation of the. Against a backdrop of slowing rates of measured productivity growth, this has raised questions about the conceptual basis of gdp and whether current compilation and measurement methods are adequate known as the. Digital economy 1 prerequisites to enroll recommended background. The spread of the digital economy poses challenges for. Through tech city uk, this government has supported digital entrepreneurs in london, creating one of the capitals great success. All results have been discussed during an expert workshop.
Documents pdf icon 45oecdaddressingtaxchallengesdigitaleconomu 2015 toconnected. In 2015, the beps action 1 addressing the tax chal. This technology has reduced the cost of storage, computation, and transmission of data. Digitalization, trade and development corrigendum chapter ii, page 16 for crossborder b2c ecommerce. Digital economy partnership agreement the parties to this agreement, resolving to. The 5 strategies to ensure these 4 aspects are successfully implemented focus on hard infrastructure, soft infrastructure, service infrastructure, digital economy promotion and innovation, and digital society.
Addressing the tax challenges of the digital economy mme. Tax challenges in the digital economy european parliament. Potential options to address the broader tax challenges raised by the digital economy. The digital economy has become an integral part of our country and the rapid growth of many digital businesses has confirmed britains position as a global hub of technology excellence. Department of the treasury 2025 testimony of robert b. The digital economy, new business models and key features chapter 5. The oecd digital economy outlook 2017 has been prepared by the oecd secretariat under the guidance of the oecd committee on digital economy policy cdep, chaired by wonki min korea. G20 digital economy development and cooperation initiative.
Information and communication technologies are transforming the ways social interactions and personal relationships are conducted, with fixed, mobile and broadcast. Oecd will be continuing its work on the remainder of the 15 actions on beps throughout 2015. Identifying opportunities for beps in the digital economy chapter 6. This file may not be suitable for users of assistive technology. Beas initial estimates show that the digital economy has been a bright spot in the u. Digital economy by annette nellen annette nellen examines the digital economy, with an emphasis on recent activities of the oecd, and addresses three aspects of todays digital economy. This paper analyses direct and indirect tax challenges in the digital economy in. Agreement means the digital economy partnership agreement. There is the platform economy, a collaborative economy, sharing economy, gig economy, ondemand economy and peer economy.
Overview of digital platforms asian development bank. Pdf the digital economy is growing fast, especially in developing countries. Nov 12, 20 digital economy with the goal of offering informative and timely recommendations for those who seek to understand its impact on our world. Research on digital economics examines whether and how digital technology changes economic activity. For a variety of reasons, including strong software capabilities, deep entrepreneurial ecosystems such as in silicon valley, and a large national market, u. Streaming services a recent trend in the digital arena has been the taxation of streaming services. Oecd digital economy outlook 2015 spain financial centre.
Addressing the tax challenges of the digital economy kpmg. Today, there is a real risk that trust in the digital economy is eroding. Broader tax challenges raised by the digital economy chapter 8. Industry agenda expanding participation and boosting growth. Gender diversity in the telecommunications sector connected w omen i 2015. Design in tech report charts the rise of designers at tech firms and vc firms response. Crossborder online shopping as part of the total online shopping increased from 15% in 2015 to 21% in 2017, primarily due to a significant increase in us shoppers. Oecdg20 base erosion and profit shifting addressing the tax. The oecd 2015 also suggested that countries should not attempt to ringfence particular companies or business models for special tax treatment, noting that the. Addressing the tax challenges of the digital economy, action 1 2015 final report. Beyond our research on the digital economy, our intergovernmental group of experts on ecommerce and the digital economy and. Innovate uk will work with companies to understand how this technology can help them to innovate to serve current and future. Coalitions digital agenda was introduced in june 2015 with the publication of a series of recommendations to the g20 governments digital economy. The conclusions regarding the digital economy, the beps issues and the broader.
Economic analysis of the digital economy volume authoreditor. Fair taxation in the digital economy asian development bank. The secretariat team which drafted the digital economy outlook is part of the oecd directorate for science, technology and industry headed by andrew wyckoff, and worked under the direction of. The monitoring report digital economy screens whether digital companies are dependent on external partners or not. Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the world wide web. Gdp share % emplyment % productivity growth, 2005 14. Oecdg20 base erosion and profit shifting project addressing the tax challenges of the digital economy, action 1 2015 final report. G20 detf measurement of the digital economy 5 more than 30 key existing indicators and methodologies to monitor and assess the size and penetration of the digital economy are organized in four themes according to their main purpose of measurement. A research agenda 219 ajay agrawal, john horton, nicola lacetera, and elizabeth lyons commenf. From global networks to digital platforms gernot grabher and erwin van tuijl urban and regional economics, hafencity university hamburg, germany abstract uber and airbnb have advanced into emblematic cases in debates in which the new digital capitalism is framed in terms of the socalled sharing economy. Unctad is committed to accompanying its member states with evidence for informed decisionmaking, as they consider different policy options and practices aimed at benefiting from the digital economy. The digital economy outlook has been declassified by the committee on 8 may 2015. Chinese competitiveness in the international digital economy.
The digital economy is also referred to as the internet economy, new economy, or web economy. This report assesses how countries can maximise the potential of the digital economy as a driver for innovation and inclusive growth, and. Broader tax challenges raised by the digital economy the report identifies four main broader tax challenges raised by the digital. To take advantage of digital technology, free flow of data backed up by a series of policies to address other public policy objectives must be promoted.
James manyika extracts from mckinsey global institute research. The digital economy is the key driver of growth and innovation. According to the oecd, it would be difficult, if not impossible, to ringfence the digital economy from the rest of the economy. Kearney is a global team of forwardthinking, collaborative partners that delivers immediate, meaningful results and longterm transformative advantage to clients. Finally, we identify the most important opportunities and challenges when it comes to foster digitalisation. Increasingly, the digital economy is intertwined with the traditional economy, making a clear. During their meeting in antalya in 2015, the g20 leaders recognized that we are living in an age.
It highlights how oecd countries and partner economies are taking. The economicbusiness models that are shaping the modern digital ecosystem are the sharing economy, gig economy and the platform economy. Addressing the tax challenges of the digital economy. Defining, conceptualising and measuring the digital.
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